Family Communication
Seven Key Mistakes Wealthy People Make
Sometimes we hear of those with wealth and it’s hard to imagine them making a mistake. But Simone Foxman of Bloomberg surveyed family…
Why Don’t We Complete Estate Plans?
A 2016 WealthCounsel survey on estate planning offers some interesting insights on why Americans don’t complete their estate planning. Forty-three percent of Americans don’t have…
One Key to Succeeding with Your Children
Fair warning: you’ll want to read to the end of this post for the punchline. I’ve always loved the stories of the…
How to Build the 100-Year Family
Steelcase, the office furniture maker based in Michigan turned 100 years old recently. The feat of surviving 100 years in this age…
5 Essential Factors to the 100-Year Family
Did you know that the average lifecycle of corporations is 12-15 years, whereas in the 1920s, the average lifecycle was 67 years? …
The 100 Year Family
Can a family last 100 years? A few years ago, Inc. Magazine ran an article titled: “How to Build a Company that…
The Single Worst Question to Ask in Family Legacy—Part III
Exercise of poor character can’t be blamed on personality. In this three-part series (here’s Part I and Part II), I’ve been discussing the…
The Single Worst Question to Ask in Family Legacy—Part II
In my last blog, the first in a three-part series, I spoke about the single worst question in family legacy: Why can’t…
The Single Worst Question to Ask in Family Legacy—Part I
There’s one question that’s a killer when it comes to preserving family legacy. I’m not going to delay it. I’ll get right…
50% of High-Net-Worth Families Have Not Disclosed Wealth to Their Children
A September 2016 article in the Harvard Business Review notes that over 50% of high-net-worth families have not told their children about…
4 Key Questions About Family Wealth
When I work with families with higher net worth, they often ask the same questions about how to handle their wealth. Their…
Why 70% of Wealthy Families Will Lose their Money with the Next Generation
A recent article in Money magazine tells of the difficulty of holding on to wealth in the second generation. Stephen Lovell, a…